Hope Everyone is having a good Labor Day. I'm currently working on the new site but keeping an eye on the Market. The Industrials and NYSE and others are having what appears to be a sub-wave iv correction and when finished will put in a new High and then a more significant retrace should ensue. This should be the wave (III) high with the wave (IV) to follow. Finally.
August 29th was 180 degrees from the wave 1 outlier wave and it also matches a Monthly sequence.I like to look at the week being the Wednesday of each week and the next week will be the 117th week since the start of the 'Outlier" wave, which simply means the start of a new wave cycle. If the wave structure is violated on the 60 minute chart I will Post right away. When the Larger wave Down starts there should still be a downward impulse wave to form,so there should be plenty of time to buy the Inverse ETF's. The wave 2's on the Inverse ETF's usually retrace Deeper than the 1x Stocks,and that is the correct time to buy.
The Gold stocks and Gold are looking positive with wave development on the Intra-day Charts and unless some central bankers pull some shenanigans should keep building momentum.The sentiment indicator went up on Thrusday and should keep building.
A Gold stock I'm interested in is just starting into production and that's where you want to buy them.
Asanko Gold : ticker AKG. more later.
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